Lou8670 Posted July 22, 2015 Report Share Posted July 22, 2015 Yeah fly out on the 22nd and land on the 23rd of July. I was of the understanding that ad the sale was already agreed that we wouldn't have to pay tax in australia as I expect we will be paying capital gains in the uk If it's your home Jason then you shouldn't have to pay capital gains tax in the UK either. Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted July 22, 2015 Report Share Posted July 22, 2015 If it's your home Jason then you shouldn't have to pay capital gains tax in the UK either. Agreed - so long as the property has been a main residence throughout the period of ownership. I assume that when you (Jason) say the sale is agreed that you have exchanged unconditional contracts of sale? Best regards. Quote Link to comment Share on other sites More sharing options...
JasonM Posted July 22, 2015 Report Share Posted July 22, 2015 No not yet. We have been at contract stage twice already and it has fallen through. Third time lucky. It was our one and only property and we have lived in it for 13 years. With everything else that has gone wrong with the house sale having tax bunged on would pretty much top it off. Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted July 23, 2015 Report Share Posted July 23, 2015 Probably little or no tax payable in the UK - but a likely reporting obligation to HMRC under new provisions effective 6th April, 2015 if you exchange unconditional contracts once non resident: > https://www.gov.uk/capital-gains-tax-for-non-residents-uk-residential-property > http://www.gmtax.com.au/new-uk-capital-gains-tax-cgt-regime-affecting-residential-property-about-to-start/ Best regards. Quote Link to comment Share on other sites More sharing options...
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